💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

UPS up almost 3% premarket after earnings beat

Published 02/02/2016, 08:48 AM
UPS
-

Investing.com - Global shipping giant United Parcel Service (N:UPS) reported quarterly earnings that topped analysts' expectations on Tuesday, but revenue figures came up short.

The company posted fourth-quarter earnings per share of $1.57, compared to $1.25 a share in the year-earlier period.

Revenue for the quarter totaled $16.05 billion, missing forecasts for revenue of $16.20 billion, as currency exchange rates and lower fuel surcharges weighed.

The company also forecast full-year earnings of $5.70 to $5.90 a share, compared with expectations of $5.73 a share.

Shares of UPS rose more than 2% in premarket trade following the announcement.

UPS said it made its Christmas deliveries on time in December after two straight years of problems during peak holiday season.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.